Ultimate snowboards is in need of 400000 to purchase a new
Ultimate Snowboards is in need of $400,000 to purchase a new buffing machine. Funds can be obtained from a bank at 8 percent discount interest for one year.
a. How much will Ultimate have to borrow?
b. What is the effective rate on this loan?
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ultimate snowboards is in need of 400000 to purchase a new buffing machine funds can be obtained from a bank at 8
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